Moneycontrol PRO
Check Credit Score
Check Credit Score
HomeNewsBusinessStocks

Subscribe to Rossari Biotech: Geojit

Geojit Rossari Biotech Limited (RB) is one of the leading manufacturer of specialty chemicals in India with a diversified product profile of 2,030 products.

July 13, 2020 / 02:29 PM IST
X

Geojit's IPO report on Rossari Biotech

Rossari Biotech Limited (RB) is one of the leading manufacturer of specialty chemicals in India with a diversified product profile of 2,030 products. Also largest manufacturer of textile specialty chemicals in India. Its main product categories include; (a) Home, personal and performance chemicals, (b) textile specialty chemicals and (c) animal health and nutritional products. RB has presence in 17 foreign countries including Vietnam, Bangladesh and Mauritius.

Valuation and Outlook

At the upper price band of Rs425, RB available at P/E of 33.8x FY20 which seems expensive when compared to peers. However, considering RoE at ~44% (last 3-year Avg.), strong revenue growth and expanding margin profile support our 'SUBSCRIBE' rating for long term perspective.

For all IPO stories, click here

Disclaimer: The views and investment tips expressed by investment experts/broking houses/rating agencies on moneycontrol.com are their own, and not that of the website or its management. Moneycontrol.com advises users to check with certified experts before taking any investment decisions.

Broker Research

Discover the latest business news, Sensex, and Nifty updates. Obtain Personal Finance insights, tax queries, and expert opinions on Moneycontrol or download the Moneycontrol App to stay updated!

Advisory Alert: It has come to our attention that certain individuals are representing themselves as affiliates of Moneycontrol and soliciting funds on the false promise of assured returns on their investments. We wish to reiterate that Moneycontrol does not solicit funds from investors and neither does it promise any assured returns. In case you are approached by anyone making such claims, please write to us at grievanceofficer@nw18.com or call on 02268882347